BURGEST: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
BURGEST
Largest movements
- Cash +€30,988
up €30,988 (+9.4%), from €328,854 to €359,842
mainly Net result for the year (+€36,884) and Depreciation (+€15,675)
- Receivables within one year +€14,778
up €14,778 (+33.1%), from €44,589 to €59,367
of which Trade receivables: +€13,060
- Tangible fixed assets -€10,645
down €10,645 (-14.1%), from €75,744 to €65,099
of which Furniture and vehicles: -€8,129
- Intangible fixed assets +€5,196
new in 2025: €5,196
- Profit (loss) carried forward +€16,884
up €16,884 (+7.8%), from €217,529 to €234,413
- Tax, wage and social debts +€13,175
up €13,175 (+44.4%), from €29,676 to €42,851
of which Taxes: +€13,020
- Other debts +€10,006
up €10,006 (+33.3%), from €30,047 to €40,053
- Write-downs +€5,518
up €5,518 (+73.0%), from €7,561 to €13,079
- Other operating charges -€3,528
down €3,528 (-34.8%), from €10,138 to €6,610
- Gross operating margin +€2,551
up €2,551 (+2.1%), from €123,753 to €126,304
- Financial income -€1,941
down €1,941 (-29.8%), from €6,506 to €4,565
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €460,266 | €497,600 | +€37,334 | +8.1% |
| Fixed assets | 21/28 | €75,744 | €70,295 | -€5,449 | -7.2% |
| Intangible fixed assets | 21 | - | €5,196 | +€5,196 | |
| Tangible fixed assets | 22/27 | €75,744 | €65,099 | -€10,645 | -14.1% |
| Land and buildings | 22 | €59,668 | €54,317 | -€5,351 | -9.0% |
| Plant, machinery and equipment | 23 | €1,617 | €4,452 | +€2,835 | +175.3% |
| Furniture and vehicles | 24 | €14,459 | €6,330 | -€8,129 | -56.2% |
| Current assets | 29/58 | €384,522 | €427,305 | +€42,783 | +11.1% |
| Stocks and contracts in progress | 3 | €7,064 | €3,449 | -€3,615 | -51.2% |
| Contracts in progress | 37 | €7,064 | €3,449 | -€3,615 | -51.2% |
| Amounts receivable within one year | 40/41 | €44,589 | €59,367 | +€14,778 | +33.1% |
| Trade receivables | 40 | €43,117 | €56,177 | +€13,060 | +30.3% |
| Other amounts receivable | 41 | €1,472 | €3,190 | +€1,718 | +116.7% |
| Cash at bank and in hand | 54/58 | €328,854 | €359,842 | +€30,988 | +9.4% |
| Deferred charges and accrued income | 490/1 | €4,015 | €4,647 | +€632 | +15.7% |
| Total equity and liabilities | 10/49 | €460,266 | €497,600 | +€37,334 | +8.1% |
| Equity | 10/15 | €309,029 | €325,913 | +€16,884 | +5.5% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €30,000 | €30,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,703 | €7,703 | = | 0.0% |
| Distributable reserves | 133 | €16,147 | €16,147 | = | 0.0% |
| Profit (loss) carried forward | 14 | €217,529 | €234,413 | +€16,884 | +7.8% |
| Amounts payable | 17/49 | €151,237 | €171,687 | +€20,450 | +13.5% |
| Amounts payable after more than one year | 17 | €58,238 | €56,954 | -€1,284 | -2.2% |
| Financial debts | 170/4 | €20,446 | €10,170 | -€10,276 | -50.3% |
| Other amounts payable | 178/9 | €37,792 | €46,784 | +€8,992 | +23.8% |
| Amounts payable within one year | 42/48 | €92,999 | €114,733 | +€21,734 | +23.4% |
| Current portion of amounts payable after more than one year | 42 | €13,302 | €10,275 | -€3,027 | -22.8% |
| Trade debts | 44 | €19,974 | €21,554 | +€1,580 | +7.9% |
| Suppliers | 440/4 | €19,974 | €21,554 | +€1,580 | +7.9% |
| Taxes, remuneration and social security | 45 | €29,676 | €42,851 | +€13,175 | +44.4% |
| Taxes | 450/3 | €16,343 | €29,363 | +€13,020 | +79.7% |
| Remuneration and social security | 454/9 | €13,333 | €13,488 | +€155 | +1.2% |
| Other amounts payable | 47/48 | €30,047 | €40,053 | +€10,006 | +33.3% |
| Remuneration, social security and pensions | 62 | €49,915 | €50,403 | +€488 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,504 | €15,675 | +€171 | +1.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €7,561 | €13,079 | +€5,518 | +73.0% |
| Other operating charges | 640/8 | €10,138 | €6,610 | -€3,528 | -34.8% |
| Gross operating margin | 9900 | €123,753 | €126,304 | +€2,551 | +2.1% |
| Operating profit (loss) | 9901 | €40,635 | €40,537 | -€98 | -0.2% |
| Financial income | 75/76B | €6,506 | €4,565 | -€1,941 | -29.8% |
| Recurring financial income | 75 | €6,506 | €4,565 | -€1,941 | -29.8% |
| Financial charges | 65/66B | €1,099 | €882 | -€217 | -19.7% |
| Recurring financial charges | 65 | €1,099 | €882 | -€217 | -19.7% |
| Profit (loss) for the period before taxes | 9903 | €46,042 | €44,220 | -€1,822 | -4.0% |
| Income taxes | 67/77 | €7,662 | €7,336 | -€326 | -4.3% |
| Profit (loss) for the period | 9904 | €38,380 | €36,884 | -€1,496 | -3.9% |
| Profit (loss) for the period to be appropriated | 9905 | €38,380 | €36,884 | -€1,496 | -3.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.